Herrmann Furniture & Plumbers' Cabinet Works v. German Exchange Bank
This text of 87 N.Y.S. 462 (Herrmann Furniture & Plumbers' Cabinet Works v. German Exchange Bank) is published on Counsel Stack Legal Research, covering Appellate Terms of the Supreme Court of New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
The delivery to the plaintiff of the certified check drawn on the defendant bank amounted in legal effect to the payment by the depositor to the plaintiffs of sp much money. The bank was merely the custodian of the money for the plaintiff. By its certification of the check it lost all power to withhold it from the plaintiff, and was bound to pay it over to it as its sole property on demand. Merchants’ Bank v. State Bank, 10 Wall. (U. S.) 647, 19 L. Ed. 1008.
The order denying the motion for an interpleader should be affirmed, with costs and disbursements.
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87 N.Y.S. 462, Counsel Stack Legal Research, https://law.counselstack.com/opinion/herrmann-furniture-plumbers-cabinet-works-v-german-exchange-bank-nyappterm-1904.